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cliff if the markets are going ballistic. it would settle down after a while. host: what is the likelihood we will see changes? guest: they will not necessarily occur at the beginning of congress. there is a good chance that they will step back and do a compromise that involved both parties. for your time. >> robert van order looks at the mortgage debt release act then bradford fitch discusses orientation sessions for senior aides of member and members alike in congress. after that, the artistic self advocacy network on been an autistic adults. -- being an autistic adult. "washington journal" live saturday. president obama called on congress to pass an extension of tax cuts for the middle class, while allowing tax rates to increase for people making more than $250,000 a year. later in the day, house speaker john boehner responded to the presidents comments. you can see both of them starting at 8:00 p.m. eastern here on c-span. next, a look at the fiscal health of the federal housing administration. according to a recent audit
cliff if the markets are going ballistic. it would settle down after a while. host: what is the likelihood we will see changes? guest: they will not necessarily occur at the beginning of congress. there is a good chance that they will step back and do a compromise that involved both parties. for your time. >> robert van order looks at the mortgage debt release act then bradford fitch discusses orientation sessions for senior aides of member and members alike in congress. after that, the...
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again, we don't think social security should be on the table in these fiscal cliff discussions. not the driver of the deficit, and further down the line, we think it's important to not mess with the age or switch to the chain c.p.i. or any other cuts that would affect beneficiaries. mr. scott: would the gentlelady yield? ms. moore: i yield. mr. scott: people caulk about increasing the age of social security or cost of living increase, the first question is whether or not you're going to cut social security. and then if you decide to cut social security, the different -- there are different ways to have doing it. some more painful than others. but the first question is, are you cutting social security? but part of the question is, why? if none of the tax cuts get extended, at this point you have more money than you need on the table system of the only reason you're even discussing a cut in social security is because you want to extend the tax cut. now i think most people when they're faced with the choice, do you want social security to be a piggy bank every time we're running sh
again, we don't think social security should be on the table in these fiscal cliff discussions. not the driver of the deficit, and further down the line, we think it's important to not mess with the age or switch to the chain c.p.i. or any other cuts that would affect beneficiaries. mr. scott: would the gentlelady yield? ms. moore: i yield. mr. scott: people caulk about increasing the age of social security or cost of living increase, the first question is whether or not you're going to cut...
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the fiscal cliff -- this reserve system that our monetary policy drives us to use it, the notion of creating something from what we i think that's need to focus. the problem is not what taxes going up or down, nor does it have anything to do with what the government gives or does not give to the people. congress is not thinking out of the box. i think it will be the status quo and i'm disappointed. guest: it is important to talk about fiscal policy and monetary policy. congress doesn't have that much control over what the federal reserve is doing. there has been anger about how the federal reserve has reacted to the recession and a lot has happened on capitol hill. congress' hands are somewhat tied. host: paul joins us on the independent line from florida. caller: good morning. i have a question concerning the home mortgage modification program. i'd like to know if you can explain the relationship of this big fiscal suicide we are about to enter. it seems to me that there is an iou in the treasury for close to $4 billion due to the lock box since al gore brought it up. guest: democrats are p
the fiscal cliff -- this reserve system that our monetary policy drives us to use it, the notion of creating something from what we i think that's need to focus. the problem is not what taxes going up or down, nor does it have anything to do with what the government gives or does not give to the people. congress is not thinking out of the box. i think it will be the status quo and i'm disappointed. guest: it is important to talk about fiscal policy and monetary policy. congress doesn't have...
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people are talking about the fiscal cliff on january 1. let's give businesses the service. their employees can pass the middle income tax cut now. >> i would like to add that basarah were sar participants in the discussion. when they went to the table as representatives of the house democrats, the next -- no instructions except to reach an agreement. the overriding value was to get the jobs done for the american people. the only thing i said i wanted to say was jobs and economic growth would be the centerpiece of the discussion. whatever decisions we would unmake as far as cuts and revenue or raising them with center around how we create jobs. that is how we will reduce the deficit by creating jobs. every time we came to the idea of bold balance, the rivet a question was the hurdle and it is still does. we cannot get there from here in terms of deficit reduction. you can grow your way he to there, but you have to have the revenue as a confidence-building that we are responsible. we will get the job done. he had ended their meeting to go to so he is not here with us now. why
people are talking about the fiscal cliff on january 1. let's give businesses the service. their employees can pass the middle income tax cut now. >> i would like to add that basarah were sar participants in the discussion. when they went to the table as representatives of the house democrats, the next -- no instructions except to reach an agreement. the overriding value was to get the jobs done for the american people. the only thing i said i wanted to say was jobs and economic growth...
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the american people want us to avoid the fiscal cliff with a balanced approach and they want us to do it right now. the average middle class family is stairing at a tax increase of $2200 come january 1. we're simply not going to let that happen. if it happens, it will be under the leadership of the speaker representative john boehner. we'll protect the middle class and there will be pain on both side, we know that. but to forge an agreement, we need to republicans to come forward with something. it's time to listen to the american people and that is a valid statement. the vast majority of independents support what the president sent to the republicans in the house. the vast majority of democrats support it. more than 40% of the republicans support this proposal. the republicans need to show us they can help lead this country. >> thanks. we can debate whether the november 6 election was a mandate but i don't think we can debate the basics that it was a work order from the american people to members of congress and to the president to work together and solve the problems. we got the mes
the american people want us to avoid the fiscal cliff with a balanced approach and they want us to do it right now. the average middle class family is stairing at a tax increase of $2200 come january 1. we're simply not going to let that happen. if it happens, it will be under the leadership of the speaker representative john boehner. we'll protect the middle class and there will be pain on both side, we know that. but to forge an agreement, we need to republicans to come forward with...